Retail Intelligence

One of New Zealand’s most well-known furniture stores, PK Furniture, has gone into receivership as of yesterday.

The chain, which has 17 stores in the North Island, is owned by Greenmark Wholesaler (NZ) whose website has also been taken down.

A closure noticed attached to one of the PK Furniture stores says all stock that was sold subsequent to May 15 is on a “as is, where is” basis.

The confirmation by creditors notice by the wholesaler notes the appointment of receivers and managers and the freezing of all unsecured debts as at May 15.

Andrew McKay and Andrew Bathell were appointed receivers of Greenmark Wholesalers, following a request from the director to the bank.

The company’s note says that the receivership involves all stores over the North Island, yet are planning to continue to trade from all stores from May 18. Stores are closed today as employees do stock take.

Those who have purchased anything from PK Furniture and have yet to receive goods are encouraged to email their support systems to sort the location and pick up of their items.

The release of the seven-year-old chain also stresses the importance of not approaching the PK staff for information as they will not know details at this point. PK Furniture employs over 150 staff.

Currently the store is expected to find a buyer. The PK Furniture Facebook has also been deactivated.

In 2015 to now, PK Furniture have opened eight new stores, including Botany, Henderson, St Lukes, Taurganga, Hamilton, New Plymouth, Pukekohe and Palmerston North.

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